Textbook Reverse Head & Shoulders Pattern here on Ethereum 60 minute chart.
Head & Shoulders patterns are reversal patterns. They show a trend changing course and we use the neckline as our entry signal. When price crosses the neckline we enter with a stop below the neckline.
Entry above neckline 295 aggressive /300 conservative
Target around 315 (measurement from neckline to head)
Stop below 290 (below neckline)
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!! PM me with any trading questions !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
Head & Shoulders patterns are reversal patterns. They show a trend changing course and we use the neckline as our entry signal. When price crosses the neckline we enter with a stop below the neckline.
Entry above neckline 295 aggressive /300 conservative
Target around 315 (measurement from neckline to head)
Stop below 290 (below neckline)
-----
!! PM me with any trading questions !!
MY TRADING METHOD:
I keep my analysis simple. Good analysis always is.
I use Price Patterns, Moving Averages, and RSI for my analysis.
I use the 1 day for trend analysis and 60 minute for trade entry
For my Targets I use Fibonacci projections, measured moves, support and resistance.
Successful trading means proper risk sizing and trading small so you can stay in the game.
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Twitter:
@BerlinTrader591
Sign up to TradingView charts:
tradingview.go2cloud.org/SHxi
Sign up for TastyWorks - The Broker of the Future:
start.tastyworks.com/
Twitter:
@BerlinTrader591